Corporate Alert: Engro Foods reports an EPS of 0.24 for the half year ended June 30, 2017

By MG News | August 11, 2017 at 02:17 PM GMT+05:00

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Engro Foods announced Financial Results for the year half year ended June 30, 2017.

The company’s Net Sales for the period decreased by 22 percent, whereas the Profit after Taxation for the Period also decreased 91 percent.

The board issued no dividend for the period; the company issued no right or bonus shares.

Company’s dividend for the quarter stood at -0.19 against 2.56 for the same quarter last year.

Comparison of Key Financials:

Condensed Interim Profit and Loss Account - For the half year Ended
Key Financials	June 30, 2017	June 30, 2016	% Change
Net Sales	18,004,707	23,100,030	-22%
Cost of Sales	14,879,230	16,722,581	-11%
Gross Profit	3,125,477	6,377,449	-51%
Operating Expenses	2689799	3,237,061	-17%
Other Income	147,618	56,177	163%
Operating Profit	583,296	3,196,565	-82%
Finance Costs	221,857	213,647	4%
Profit before Taxation	361,439	2,982,918	-88%
Taxation	175,845	1,021,588	-83%
Profit/(loss) for the period	185,594	1,961,330	-91%
Profit Available for appropriation	778,813	7,833,798	-90%
Earnings/(Loss) per share - basic and diluted	0.24	2.56	-91%

The complete statements can be accessed here.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,215.00	109,545.00 108,625.00	0.00 0.00%
BRENT CRUDE	70.13	70.15 69.85	-0.02 -0.03%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.28	68.31 67.78	-0.05 -0.07%
SUGAR #11 WORLD	16.15	16.37 16.10	-0.13 -0.80%